Dogecoin, which shocked many after attaining a market capitalization of over $50 billion equaling with Barclays Bank, is still maintaining its position as a pilot to many other meme coins which together have a market capitalization of over $31 billion according to CoinMarketCap data.
With a market valuation of over $26 billion, DOGE holds a whopping 84% of the meme coins market cap share. Most of this feat was attained since April, prior to which Dogecoin had only $15 billion in market capitalization. There are a variety of reasons why Doge may not be your ordinary joke coin.
